Industry News & Updates
How Can an Organizational Chart Help with Cybersecurity?
When preparing for the evaluation of an organization’s cybersecurity capabilities against a regulatory framework, the amount of supporting documentation to be considered can seem overwhelming. To assist in getting one’s arms around the scope of activities involved in a cybersecurity program, there are a few high-level documents that are incredibly useful, but are often overlooked. One of those being the humble organizational chart.
Final Rule – Treatment of IR&D costs
The Department of Defense (“DoD”) issued its final rule on January 31, 2023, made effective on the same date, implementing section 824 of the National Defense Authorization Act (“NDAA”) for fiscal year 2017. Significant to the new rule is the added requirement for CEOs to determine that the Independent Research and Development (“IR&D”) “will advance the needs of DoD for future technology and advanced capability as DoD describes such needs in communications referenced at 242.771-3(c)(1)(i)”. With the CEO now making the determination, requirements for the Administrative Contracting Officer (“ACO”) were removed.
Financial Reporting Update: February 2023
Our Financial Reporting Update highlights key developments and issues that are relevant to finance and accounting personnel. This edition includes updates on the SEC, PCAOB, and AICPA.
Financial Reporting Update: January 2023
Our Financial Reporting Update highlights key developments and issues that are relevant to finance and accounting personnel. This edition includes updates on the FASB, SEC, and AICPA.
Finding or Building the Right Cybersecurity Framework for Your Organization
Numerous IT and cybersecurity frameworks exist that have been developed to assist organizations in implementing and validating controls to secure their information and systems. These frameworks have been built on best practices to prevent or mitigate threats and vulnerabilities; however, the challenge for organizations is understanding which framework will deliver the most value to their business. This determination includes the consideration and balance of several factors including the sensitivity of the data being utilized, business modes of operation, the technology stack and ecosystem, regulatory or contractual requirements, the impact to users or customers and, as always, available resources. In light of these challenges, how should an organization proceed?
Financial Reporting Update: October & November 2022
Our Financial Reporting Update highlights key developments and issues that are relevant to finance and accounting personnel. This edition includes updates on the FASB, SEC, AICPA and PCAOB
DOD Guidance – Managing Inflation on Contracts
Inflation is impacting everyone, and government contractors are no exception. The Department of Defense (“DoD”) Principal Director, Defense Price and Contracting recently released a memo reiterating that while contractors performing under firm fixed price contracts generally bear the risk of increased costs, FAR Part 50 allows for Extraordinary Contractual Relief if certain stringent criteria are met.
Financial Reporting Update: September 2022
Our Financial Reporting Update highlights key developments and issues that are relevant to finance and accounting personnel. This edition includes updates on the FASB, SEC, AICPA and PCAOB
Financial Reporting Update: August 2022
Our Financial Reporting Update highlights key developments and issues that are relevant to finance and accounting personnel. This edition includes updates on the FASB, SEC, AICPA and PCAOB
Financial Reporting Update: July 2022
Our Financial Reporting Update highlights key developments and issues that are relevant to finance and accounting personnel. This edition includes updates on the FASB, SEC, and AICPA.